SPRX vs. BWEB ETF Comparison

Comparison of Spear Alpha ETF (SPRX) to Bitwise Web3 ETF (BWEB)

SPRX

Spear Alpha ETF

SPRX Description

SPRX invests in companies that are poised to benefit from breakthrough trends in industrial technology. The fund’s objective is to find underappreciated opportunities across different industrial supply chains that are beneficiaries of the secular themes discussed below: Environmental Focus and Decarbonization Manufacturing Digitalization Automation & Robotics Photonics and Additive Manufacturing Space Exploration Artificial Intelligence (AI) SPRX is an actively managed ETF that seeks long-term capital growth by investing in US listed securities (including American depositary receipts "ADRs") of industrial and technology companies relevant to the Fund’s investment themes and the ecosystem around them. SPRX invests in both “growth”, defined as companies with high and underappreciated growth prospects, and “value”, defined as opportunities that are undervalued based on an assessment of the underlying fundamentals.

Grade (RS Rating)

Last Trade

$21.78

Average Daily Volume

56,279

Number of Holdings ^*

22

* may have additional holdings in another (foreign) market

BWEB

Bitwise Web3 ETF

BWEB Description

Bitwise Web3 ETF is an exchange traded fund launched and managed by Bitwise Investment Manager, LLC. The fund is co-managed by Vident Investment Advisory, LLC. It invests in public equity markets of global region. It invests in stocks of companies operating across cryptography and blockchain technology, web3 infrastructure companies, metaverse and immersive digital, web3 development and governance, web3 creator economy sectors. It invests in growth and value stocks of companies across diversified market capitalization. It seeks to track the performance of the Bitwise Web3 Equities Index, by using full replication. Bitwise Web3 ETF was formed on October 4, 2022 and is domiciled in the United States.

Grade (RS Rating)

Last Trade

$43.27

Average Daily Volume

807

Number of Holdings ^*

10

* may have additional holdings in another (foreign) market

Performance

Period	SPRX	BWEB
30 Days	-2.77%	1.05%
60 Days	-5.26%	-4.20%
90 Days	-10.77%	-6.00%
12 Months	21.81%	35.94%

2 Overlapping Holdings

	Symbol	Grade	Weight in SPRX	Weight in BWEB	Overlap
	NET	F	4.67%	4.44%	4.44%
	SHOP	D	5.52%	8.26%	5.52%

SPRX Overweight 20 Positions Relative to BWEB

	Symbol	Grade	Weight
	NVDA	A	11.72%
	AMD	C	9.26%
	ZS	D	8.48%
	SNOW	F	6.49%
	MRVL	C	5.45%
	S	F	5.42%
	CEG	C	5.34%
	NRG	C	4.86%
	DDOG	F	4.66%
	CFLT	F	4.5%
	CRWD	C	4.34%
	HUBS	D	4.09%
	PANW	C	2.86%
	FCX	C	2.53%
	ALB	F	2.13%
	GTLB	F	1.87%
	ANET	C	1.19%
	NVT	C	0.89%
	RIO	B	0.0%
	ROK	F	0.0%

SPRX Underweight 8 Positions Relative to BWEB

	Symbol	Grade	Weight
	COIN	B	-8.94%
	RBLX	D	-7.76%
	META	D	-7.72%
	EQIX	C	-7.12%
	TTWO	B	-4.79%
	SQ	F	-4.67%
	EA	B	-4.54%
	U	F	-4.23%

SPRX: Top Represented Industries & Keywords

Industries: Software - Application Semiconductors Software - Infrastructure Computer Systems Copper Diversified Industrials Electronic Components Industrial Metals & Minerals Specialty Chemicals Telecom Services Utilities - Independent Power Producers Utilities - Renewable

Keywords: S&P 500 Computing Nasdaq 100 Cloud Computing Cloud Infrastructure Computer Security Deep Learning Artificial Intelligence Cybersecurity IBD 50 Mining Software As A Service Computer Architecture Computer Networking Consumer Electronics Content Control Software Design Manufacturers Electricity Fabless Semiconductor Companies Firewall

BWEB: Top Represented Industries & Keywords

Industries: Software - Application Electronic Gaming & Multimedia Electronic Gaming & Multimedia Internet Content & Information REIT - Diversified

Keywords: Computing S&P 500 Nasdaq 100 Video Game Development Video Games Fintech Games Mobile Devices Mobile Phone Physical Retail Social Media Video Game Industry Virtual Reality Advertising Services Application Software Baseball Basketball Bitcoin Bone Cement Services